Global investment products for digital assets have seen outflows for the fourth consecutive week, totaling $251 million. Notably, newly launched #ETFs in the US recorded significant outflows this week for the first time, reaching $156 million.
On the contrary, Hong Kong successfully launched ETFs on Bitcoin and Ethereum, based on spot commodities, with an inflow of $307 million in the first week. Additionally, #Ethereum broke its seven-week outflow trend, recording an inflow of $30 million last week.
Despite #Bitcoin losing $284 million this week, other digital assets such as Avalanche, Cardano, and Polkadot demonstrated inflows of $500,000, $400,000, and $300,000, respectively.
